Testimony: Protect Students from Predatory Debt Relief Services

Testimony by the New York Legal Assistance Group (NYLAG) Regarding Int. No. 52 Before the New York City Council Committee on Consumer Affairs and Business Licensing

October 25, 2018

The New York City Council is considering a proposed bill to protect vulnerable student loan borrowers from businesses offering purported “student debt relief services” for a fee. NYLAG commends the Council for considering this important bill, and suggests improvements to certain provisions to ensure that the bill’s effectiveness in curbing these predatory services.